Business

March 15, 2014 7:57 PM

SC rejects Nokia's plea to transfer Chennai plant to Microsoft

The Supreme Court has refused to lift the restraint on the sale of its Indian assets by Nokia, including its Chennai plant, as part of the handset maker's global deal with the Microsoft. The apex court dismissed Nokia's plea against the Delhi High Court order directing its parent c...

March 15, 2014 12:19 PM

Weibo unveils plans to sell shares in US stock market<br/>

The China&apos;s largest twitter like service Weibo has unveiled plans to sell shares in the US stock market. Weibo, owned by Chinese Internet giant Sina is looking to raise 500 million dollars via the share sale. However, the firm did not give details of the number of shares it plans to sell or...

March 15, 2014 11:41 AM

IT department floats toll-free help line number for general public

The Income Tax department has floated a toll-free help line number for general public to alert it about any suspicious movement of large sums of cash in the national capital during polls. The investigation wing of the department has created a control room and complaint-monitoring cell at its office ...

March 15, 2014 10:34 AM

US announces to give up its control over Internet's technical operations

The US has announced to give up its control over Internet&apos;s technical operations and hand over those functions to the global multi-stakeholder community. The US government, in a statement Friday, sought to convene global stakeholders to develop a proposal to transition away from US governme...

March 15, 2014 8:19 AM

Supreme Court rejects Nokia's plea to transfer Chennai plant to Microsoft

The Supreme Court has refused to lift the restraint on the sale of its Indian assets by Nokia, including its Chennai plant, as part of the handset maker&apos;s global deal with the Microsoft. The apex court dismissed Nokia&apos;s plea against the Delhi High Court order directing its parent c...

March 14, 2014 9:10 PM

ONGC, OIL buy 10% govt stake in IOC

State-owned ONGC and Oil India Ltd today bought 10 per cent government stake in Indian Oil Corporation for 5,340 crore rupees. The stake sale has doubled government&apos;s disinvestment proceeds for the current fiscal to 10,434 crore rupees. ONGC Chairman Dinesk K Sarraf confirmed his company&am...

March 14, 2014 6:36 PM

ONGC, OIL buy 10% govt stake in IOC

State-owned ONGC and Oil India Ltd today bought 10 per cent government stake in Indian Oil Corporation for 5,340 crore rupees.The stake sale has doubled government&apos;s disinvestment proceeds for the current fiscal to 10,434 crore rupees.ONGC Chairman Dinesk K Sarraf confirmed his company&...

March 14, 2014 2:35 PM

India, Bangladesh to conduct joint assessment of stocks of hilsa fish

India and Bangladesh will conduct a joint assessment of stocks of hilsa fish in Bay of Bengal.The two countries will also exchange varieties of fish for commercial cultivation in their countries.The decision to this effect was taken at a meeting of the Joint Working Group on Fisheries that ended in ...

March 14, 2014 2:12 PM

Wholesale Inflation falls to 9-month low of 4.68 per cent in Feb

Wholesale price based inflation dropped to a nine-month low of 4.68 per cent in February this year, from 5.05 per cent in January, as prices of kitchen staples like onions and potatoes eased.According to official data released on Friday, food inflation based on the Wholesale Price Index, fell to 8.1...

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